Property investors who have had real estate in Pearce, 2607 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.07%
Comparing Pearce,2607 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 5.32%, investors should hope to achieve an overall return of 3.48%
Over the last year, property investments in Pearce, 2607 have given investors a capital gain of 16.15%. This compares very favourably with the -1.90% for ACT as a whole.
While Pearce,2607 ranked number 57th in ACT for increase in median house value (annualised) increase, it is ranked 1st over the last 5 years.
In the last year 35 properties changed hands in Pearce, which puts it as the 29th most active market in ACT when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.